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Second Chance Financing

Welcome to Our Second Chance Financing Department 

We offer a full range of automobile financing programs! Starting with 0% New Car loans as well as special plans designed to help build or re-establish your credit. Simply answer these few questions and we will contact you shortly to get you on the path to your next new vehicle.



Questions? Call 309-764-6700

                                                  Marty Terrill - Finance Manager


                                 

Financing Navigation

Contact Information

Courtesy Car City

2301 39th Ave

Moline, IL 61265
sales Sales:
(866) 802-3113
service Service:
(309) 764-6700

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.